This study investigates whether recreational boating safety investments and behaviours of current interest are determinants of boating injury severity, and if so, their effects. An ordered probit analysis of 1989-1993 boating accidents suggests that human capital investments in safety, in the...

The US paper and paperboard industry has experienced significant structural changes over the past 25 years, including reductions in the number of mills, lower rates of capacity growth, employment cutbacks and a loss of market share to foreign competitors. These structural shifts portray an...

This paper examines North American pulp and paper company bankruptcies that occurred between 1990 and 2009. We demonstrate that shareholders suffer substantial losses (37 %) during the month a bankruptcy occurs. Encouragingly, we show that financial ratios are useful in predicting firm failure...

This paper examines recent work on the effect of motor vehicle speed limits on highway speeds and highway safety. The review is empirical and concentrates on identifying the quantitative effects that changes in regulatory speed limit policies on interstate and non-interstate roads have on the...

From a panel of fifty airports over a 13-year period, this research estimates a translog model of airport short-run operating costs. Output is departures and the effective number of 10,000 by 150 feet runways is a quasi-fixed factor of production. The analysis finds that airports operate under...